by BNA | Aug 15, 2019 | Blog, Consumer Proposals
We know that the consumer proposal process can be a confusing and slightly scary process to undertake. It’s not something that’s widely discussed in casual conversation, and even though we have been doing consumer proposals in Calgary for over two decades, we are...
by BNA | Jun 27, 2019 | Blog, Questions About Consumer Proposals
Short Answer Essentially all your unsecured debts can and should be included but some will survive and not be written off in the process. A Bit More Detail You can not pick and choose which debts to include. You can’t include all of your credit cards but decide not to...
by BNA | Jun 25, 2019 | Blog, Questions About Consumer Proposals
Short Answer Legally there is nothing that would not allow you to buy a house while in a consumer proposal, however you may have difficulty as you won’t have the credit rating to be approved for the mortgage. A Bit More Detail Most creditors will not approve you for a...
by BNA | Jun 21, 2019 | Blog, Questions About Consumer Proposals
Short Answer You can apply for credit while in a consumer proposal but probably won’t be approved unless it is secured by a prepaid balance. The whole program was designed to help an unfortunate debtor get out from overwhelming debt not acquire more. We understand...
by BNA | Jun 20, 2019 | Blog, Questions About Consumer Proposals
Short Answer Legally you must owe at least $1,000.00 meets the qualification for a consumer proposal but practically, we would never let anyone file a process under the legislation for $1,000.00 and take the hit on their credit rating. $10,000 is more likely. You must...
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